Energies
Gold prices (XAU/USD) softened during the Asian session on Thursday but found stability near the $2,620 level, recovering some of the day’s earlier losses. Recent US economic data indicates a bullish sentiment with limited progress on curbing inflation, which may prompt the Federal Reserve to maintain a cautious stance on further rate reductions.
Meanwhile, the USD/CAD pair maintained a defensive stance for the second consecutive day but held above the crucial 1.4000 level during the Asian session. However, traders should approach with caution before anticipating a deeper correction from a deeper pullback from this week’s high near 1.4175-1.4180, the strongest level last seen in April 2020.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.
